TenCent dropped about $330 million on Epic Games shares, which is 48.4% of the company’s “outstanding shares,” Mark Rein told VG247. “This equates to 40% of total Epic capital inclusive of both stock and employee options,” he added.

The acquisition gives TenCent the right to make appointments to Epic’s board of directors, something it has taken advantage of.

“As part of the investment, two Tencent representatives joined Epic’s board of directors, in addition to the three directors and two observers appointed by Epic,” Tim Sweeney told Polygon.

“We’re thrilled to have a world-leading partner in Tencent, who gives Epic unique access to the Chinese market as we head into the next chapter of our 21-year history as a leading independent developer.”